Canola Oil Market Growth to Remain Positive Through 2024, Demand Greased by Health Benefits of Canola

Canola currently stands as the third largest oil crop in the world – a factor that demonstrates the growth in demand that canola oil has witnessed over the last couple of decades. In a new report, titled ‘Canola Oil Market - Global Industry Analysis, Size, Share, Trends and Forecast 2016 – 2024,’ Transparency Market Research studies the trends that are expected to impact the dynamics of this market. According to the report, the share of canola oil in the global edible oil market is expected to rise consistently owing to greater awareness about the health benefits that canola offers. Given its ingredients such as omega 6 and omega 3 fatty acids, health-conscious consumers are now becoming keener on exploring the use of canola oil in their diets.

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The quantity of oleic acid in canola oil is high, making it an agent that can help in controlling bad cholesterol without impacting the good cholesterol in the blood. With the growing awareness about consuming foods that are conducive to maintaining cardiovascular health, more consumers are being drawn toward canola oil. Besides direct consumption being a key growth driver for canola oil sales, its use in the personal products and cosmetics industry is also expected to create valuable opportunities for this market. The anti-aging properties of canola oil are prompting more cosmetics manufacturers to formulate products using it as an ingredient. Besides helping ease the visible signs of aging, canola oil is also regarded as being effective in lightening blemishes, fine lines, and spots.

Although these drivers will ensure clear growth for the global canola oil market, there is an important restraint that is impeding the market’s growth: Canola oil is more expensive than other commonly used edible oils on the market. This could cause consumers to hesitate from purchasing canola oil where other alternatives are available.

From the geographical standpoint, a sizable demand for canola oil comes from countries in Europe. The region is also a leading producer of canola oil. In terms of volume, nearly 40% of the global canola production came from Europe in 2014. Among the key countries where canola is produced, China is an important market. In 2014, China’s stake in the global canola oil market was greater than 12%. The country also leads in terms of exports of canola oil. Canada and Russia have been identified as other important exporters of canola oil.

Companies that currently prominently feature on the leaderboard of the global canola oil market are: Archer Daniels Midland Company, ConAgra Foods, Inc, Associated British Foods plc (Ach Food Companies Inc.), Jivo Wellness Pvt. Limited, and The J.M. Smucker Company.

Global Herbal Supplements and Remedies Market Players Look to APAC and LATAM for Greater Opportunities

In a new market research report by Transparency Market Research, readers can get acquainted with the nuances and future projections of the global herbal supplements and remedies market. The report, titled “Herbal Supplements and Remedies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” is a holistic look at what factors are and will be influencing it in the coming years. The overall state of the market is given in terms of a segmented manner ranging within a forecast period from 2015 to 2023.

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Herbal supplements are naturally formed non-pharmaceutical and non-food substances. Their commercial value is derived from them being beneficial for human health. Herbal supplements are created using plant and herb parts and have been used as a dietary supplement through the ages. Commercial forms of herbal supplements and remedies are generally sold as powders, pills, tablets, fluid extracts, or even fresh herbs and dried herbs. The more commonly used herbs in the global herbal supplements and remedies market include horse chestnut, soy, St. John’s Wort, Gingko Biloba, garlic, Echinacea, and Aloe Vera.

One of the leading drivers for the global herbal supplements and remedies market is the increasing awareness of consumers towards the various types and forms of these supplements, leading to a high rate of adoption. Manufacturers are also focusing heavily on product innovations and the use of different herbs to prepare the right types of treatment for different patient problems. Additionally, the level of confidence among patients has also been increasing at a significant rate, allowing for an easier market penetration for most players.

A key factor of concern in the global herbal supplements and remedies market is the overall lack of regulatory guidelines. These guidelines can be used to produce quality products that are safe for consumption by the majority of the population. Modern herbal use is regulated under CGMP guidelines, but there are still several regions that do not adhere to them. This causes a false sense of security among consumers who tend to consider all natural products as safe and might fall prey to fake products and certain side effects.

From a geographical perspective, the global herbal supplements and remedies market has been consistently dominated by North America. This region has always shown a very high demand for nutritional supplements and this demand is increasing even further as time progresses. Europe has shown similar increments in its demand for herbal supplements and remedies, while Asia Pacific and Latin America are expected to be the key regional opportunities of the future. These regions, with their emerging economies and high population densities, are ripe for the introduction of herbal supplements and remedies by the globally prominent players. Additionally, a lot of these nations already have a rich history in the use of herbs which will make it easier for players to penetrate their markets.

Global Herbal Supplements and Remedies Market Players Look to APAC and LATAM for Greater Opportunities

In a new market research report by Transparency Market Research, readers can get acquainted with the nuances and future projections of the global herbal supplements and remedies market. The report, titled “Herbal Supplements and Remedies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” is a holistic look at what factors are and will be influencing it in the coming years. The overall state of the market is given in terms of a segmented manner ranging within a forecast period from 2015 to 2023.

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Herbal supplements are naturally formed non-pharmaceutical and non-food substances. Their commercial value is derived from them being beneficial for human health. Herbal supplements are created using plant and herb parts and have been used as a dietary supplement through the ages. Commercial forms of herbal supplements and remedies are generally sold as powders, pills, tablets, fluid extracts, or even fresh herbs and dried herbs. The more commonly used herbs in the global herbal supplements and remedies market include horse chestnut, soy, St. John’s Wort, Gingko Biloba, garlic, Echinacea, and Aloe Vera.

One of the leading drivers for the global herbal supplements and remedies market is the increasing awareness of consumers towards the various types and forms of these supplements, leading to a high rate of adoption. Manufacturers are also focusing heavily on product innovations and the use of different herbs to prepare the right types of treatment for different patient problems. Additionally, the level of confidence among patients has also been increasing at a significant rate, allowing for an easier market penetration for most players.

A key factor of concern in the global herbal supplements and remedies market is the overall lack of regulatory guidelines. These guidelines can be used to produce quality products that are safe for consumption by the majority of the population. Modern herbal use is regulated under CGMP guidelines, but there are still several regions that do not adhere to them. This causes a false sense of security among consumers who tend to consider all natural products as safe and might fall prey to fake products and certain side effects.

From a geographical perspective, the global herbal supplements and remedies market has been consistently dominated by North America. This region has always shown a very high demand for nutritional supplements and this demand is increasing even further as time progresses. Europe has shown similar increments in its demand for herbal supplements and remedies, while Asia Pacific and Latin America are expected to be the key regional opportunities of the future. These regions, with their emerging economies and high population densities, are ripe for the introduction of herbal supplements and remedies by the globally prominent players. Additionally, a lot of these nations already have a rich history in the use of herbs which will make it easier for players to penetrate their markets.

Global Pet Food Ingredients Market Growth to be Pivoted on Growing Pet Population Across the World, says TMR

The unmistakable thrust on healthy pet food will have a lasting impact on the global pet food ingredients market as well, finds a new report by Transparency Market Research. The report is titled, ‘Pet Food Ingredients Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 – 2024.’ The global pet food industry is currently in a state of healthy growth and thus carries numerous opportunities for the launch of innovative products. The trend of natural and organic pet food, especially, will demand that pet food ingredients manufacturers apply a greater degree of innovation in their products.

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Pet food comprises both plant- and animal-derived ingredients, including but not limited to: fruits and vegetables, oilseeds, grains, meats, minerals, and vitamins. Pet food ingredients need to either entirely provide or supplement pet diets with carbohydrates protein, calcium, and other important types of micronutrients. It may also consist of essential fatty acids such as Omega 6 and Omega 3, both of which help pets maintain a better digestive system and metabolism rate. With the humanization of pets becoming a veritable trend worldwide, there is a growing demand for high-quality pet food that contains fewer synthetic ingredients and flavors.

Based on product type, the report segments the global pet food ingredients market into fruits and vegetables, vitamins and minerals, feed additives and supplements, cereal grains and oils, animal derivatives, and others. The report also studies the market dynamics for pet food ingredients basis type of animal. Segmented thus, the market is divided into: birds, cat, dog, rodent, rabbit, and others. Geographically, the global pet food ingredients market in Europe, North America, Asia Pacific, and Rest of the World is studied in the report.

A steady and unmistakable rise in the pet population across the world has been identified as a leading driver for the growing sales of pet food ingredients. With family sizes shrinking in traditionally large-family centric societies in countries such as India and the Middle East and Africa, more consumers now prefer to keep pets for companionship. However, where proper veterinary care is not available, consumers are hesitant about keeping pets as they can be potential carriers of infections and diseases. However, the impact of this restraint is expected to be alleviated to some extent because of the improving veterinary healthcare infrastructure and greater incomes at the disposal of consumers worldwide.

According to the findings of the report, the growth of the global pet food ingredients market is defined by the animal derivatives segment. The United States has served as the growth engine for the global pet food ingredients market. The key players in the global pet food ingredients market are Colgate-Palmolive Co., Marc Inc., Procter & Gamble Co., Nestle S.A., Nutriara Alimentos Ltda, and Agrolimen SA.

Growing Health Consciousness to Propel Demand in Global Meal Replacement Products Market

Transparency Market Research provides the latest statistical analysis of meal replacement products in a thorough and segmented method. The market intelligence agency’s research report, titled “Meal Replacement Products Market - Global Industry Size, Share, Trends, Analysis, And Forecasts, 2012 – 2018,” bring forth the key factors that are affecting the growth of meal replacement products in different parts of the world and among different social and generational demographics.

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The lifestyle choices made by people from all across the world are keeping the growth rate of the global meal replacement products market at a steadily incremental position. More and more people are chasing busy daily schedules and therefore are showing a high demand for foods that are easy to prepare or ready to eat. Additionally, a large number of weight-loss regimens and dieticians for the overweight recommend the use of meal replacements as they can be helpful in curbing weight gain.

Despite its highly promising nature, the global meal replacement products market has only shown a mediocre growth rate over the past few years. A key challenge to these products is the numerous weight-loss services that are already in high demand across various regions. The market also faces the brunt of the burden in terms of economic depression. The recent economic downturn in North America and Europe has had a heavy impact on a lot of industries, including the food and beverage industry. This had slowed down the demand for meal replacement products to a considerable extent. Over the coming years, however, a growing level of health and weight consciousness along with heavy innovative efforts are expected to add a favorable growth rate to the global meal replacement products market.

The competitive landscape of the global meal replacement products market is full of food and beverage heavyweights. Each of the key players brings their own brand of innovativeness and a high focus on research and development efforts. At the same time, the massive growth in demand coupled with the relative ease of product facility installation has prompted many food and beverage players to attempt for success in the global meal replacement products market. Those with highly positive customer response are likely to score big in this market where addressing consumer concern is the player’s topmost business strategy.

 The key players from the global meal replacement products market include Nestle USA Inc., Unilever, Impulse and Indulgence Products, Frito-Lay Co., Nutrition/Staples, Campbell Foodservice Co., Jm Smucker Co., Dole Food Co. Inc., Conagra Foods Inc., Chiquita Brands Inc., General Mills Inc., Kraft Foods Inc., Abbott Laboratories, and Heinz Foodservice. 

Iraq Edible Oils and Fats Market is Expected to Reach US$2.3 bn by 2025, Expanding at a CAGR of 6.0% between 2016-2024

The Iraq edible oils and fats market is extremely fragmented and the top seven players accounted for just under 90% of the overall market in 2015. These companies are Marsan Gida San Ve Tic A.S., Anadolu Group, Altunkaya Group of Companies, Zer Group, Aves A.S., Yildiz Holding, and Keskinoglu Ic Ve Dis Ticaret Ltd.

Transparency Market Research has identified some of the successful strategies adopted by these enterprises in order to strengthen their hold on the edible oils and fats market in Iraq. These include joint ventures, business expansions, investments in research and development of new technologies and processes, acquisitions, and expansion of product portfolios.

The market was valued at US$1.3 bn in 2015 and is expected to reach US$2.3 bn by 2025, expanding at a CAGR of 6.0% therein. By volume, the Iraq edible oils and fats market is anticipated to register a 3.3% CAGR from 2016 to 2025.

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Muthanna Presents High Scope for Growth by Value and Volume

On the basis of products, vegetable and seed oil led the edible oils and fats market in Iraq in terms of revenue and the segment is anticipated to account for slightly more than half the market by the end of the forecast period. The product segment is projected to retain its lead through 2025 despite a slight decline in its market share by the end of the forecast period. On the other hand, the others segment, which comprises olive oil, is projected to register a high annual growth of 7.7% from 2010 to 2025.

Regionally, the Iraq edible oils and fats market is led the Baghdad, which accounted for a 22.4% share in 2015. The region is anticipated to retain its dominance through 2025. In terms of revenue, Muthanna is projected to register a high CAGR of 9.7% between 2016 and 2025. This region is also immensely lucrative in terms of sales volume.

Government Support Encouraging Local Production of Edible Oils and Fats

One of the key factors likely to drive the market for edible oils and fats in Iraq in the coming years is the rising production capacity for the same and this can be attributed to support from the government. The Iraqi Trade Ministry has been focused on reducing dependence on imports and encourage local production so as to meet the rising demand for edible oils and fats. “Locally produced products will be priced on the lower side and this will encourage more customers to purchase edible oils and fats,” the analyst points out.

Weak Economic Conditions Hampering Growth

The GDP of Iraq had been on a stable if not rapid rise until 2014 and the country was considered among one of the upper-middle category nations. “However, the economic condition has been declining since mid-2014, with the per capita GDP witnessing a slump and poverty and unemployment on the rise,” the author of the study states. This acts as a major deterrent to the growth of the edible oils and fats market in Iraq.

The high cost of raw materials is also a key restraint, TMR finds. The extraction processes are immensely capital intensive and it becomes increasingly difficult for new players in the Iraq edible oils and fats market.

This review is based on the findings of a TMR report titled “Edible Oils and Fats Market - Iraq Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2024.”

Iraq Edible Oils and Fats Market, by Product Type

Vegetable and Seed Oil

• Soybean
• Sunflower Oil
• Corn Oil
• Palm Oil
• Canola Oil
• Others (Rapeseed, Mustard, Linseed among others)

Spreadable Oils and Fats

• Butter
• Margarine

Cooking Fats

• Animal Ghee
• Vegetable Ghee
• Others

Iraq Edible Oils and Fats Market, by Region

• Babil
• Baghdad
• Basra
• Dhi Qar
• Al-Qadisiyyah
• Diyala
• Karbala
• Maysan
• Muthanna
• Najaf
• Wasit
• Erbil
• Kirkuk
• Sulaymania
• Others

Food Colors Market is Expected to be Worth US$2.1 bn by 2018, As the Market Expands at a CAGR of 4.3% between 2013 & 2018

The published research report by Transparency Market Research observes that the global food colors market is being led by large multinationals, who have similar shares. Thus, there aren’t specific market leaders in the global market. "This has increased the scope for new entrants to be a part of the overall market," states the lead author of this research report. Some of the significant players in the global market are BASF, DSM, Sensient Technologies, and DuPont. According to the opportunity in the global food colors market is expected to be worth US$2.1 bn by 2018, as the market expands at a CAGR of 4.3% between 2013 and 2018.

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North America Remains the Prime Consumer of Food Colors

In terms of applications, food colors are used for food items, carbonated soft drinks, and alcoholic beverages. Of these, food colors are largely used in making various types of food items that maybe both fresh or packaged. The report anticipates that the food segment will hold a share of 64.3% in the overall market by the end of 2018. Geographically, North America is projected to lead the global food colors market with a share of 27.0% by 2018. The adoption of natural food colors, as opposed to synthetic food colors, is expected to boost this regional market in the coming years.

Awareness about Benefits of Natural Colors Boosts Global Market

The rising awareness about fitness has played a major role in the rise of the global food colors market. Over the past few years, the demand for natural food colors has gained momentum due to the growing health concerns over consumption of synthetic food colors. The technological changes incorporated to make natural food colors affordable are also driving the overall market. Furthermore, effects of synthetic food colors such as environmental pollution and erosions have led countries such as Japan to ban them. Thus, the demand for natural food colors is expected to fuel the growth of the global market.

An increasing number of applications of food colors is yet another market driver identified by TMR research analysts. Food colors are used in several industries such as meat and savories, confectionery, pharmaceuticals, dairy and ice-cream, bakery, medicines, beverages, sea food and pet food, and cosmetic and toiletries. Increasing importance towards the aesthetic aspect of food items to make them more attractive has also led to an increased uptake of food colors. The increasing inclination towards adding decorative or artistic value to food has been a key contributor to the rising revenues of the global market.

Negative Aspects of Using Synthetic Colors Hinders Market

The positive outlook of the global food colors market is being tugged in the opposite direction due to the plummeting demand for synthetic food colors. Europe has banned the production, consumption, and imports of synthetic food colors to prevent any health hazards due to them. Furthermore, the difficult extraction process of natural colors is also restraining the global market as it makes the natural colors costlier than synthetic colors. Thus, consumers find themselves opting for natural substances that are expensive in nature and less vibrant. Owing to these reasons, the global market is anticipated to witness a few hurdles in the coming few years.

The review mentioned above is based Transparency Market Research’s research report, titled “Food Colors Market - Global Industry Size, Market Share, Trends, Analysis, And Forecasts 2012 - 2018.”

Food Colorants Market by Application

• Food
• CSDS and Non-alcoholic Beverages
• Alcoholic Beverages

Food Colorants Market by Types

Synthetic Food Colorants

• Red 40/Allura Red
• Yellow No. 6
• Others

Natural Food Colorants

• Beta Carotene
• Astaxanthin
• Anthocynins
• Annatto
• others

Natural Identical Colorants Types

• Others Mixed Carotenes
• Lutein
• Lycopene
• Canthaxanthin
• Curcumin
• Titanium Dioxide
• Caramel
• Others

Food Colorants Market by Geography

• North America
• Europe
• Asia Pacific
• Rest of the World